Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 1,080.7	$ 894.2
Receivables, net	676.0	705.0
Inventories	1,251.4	1,232.4
Other current assets	176.0	188.4
Total current assets	3,184.1	3,020.0
Property, plant and equipment, net	2,512.3	2,591.6
Goodwill	1,663.4	1,659.2
Intangible assets, net	469.0	590.5
Deferred tax assets	429.0	307.8
Other assets	410.2	256.4
Total assets	8,668.0	8,425.5
Liabilities, Non-Controlling Interest and Stockholders’ Equity
Accounts payable	572.9	543.6
Accrued expenses and other current liabilities	570.0	538.8
Current portion of long-term debt	531.6	736.0
Total current liabilities	1,674.5	1,818.4
Long-term debt	2,959.7	2,876.5
Deferred tax liabilities	57.3	60.2
Other long-term liabilities	418.4	346.3
Total liabilities	5,109.9	5,101.4
Commitments and contingencies (Note 13)
ON Semiconductor Corporation stockholders’ equity:
Common stock ($0.01 par value, 1,250,000,000 shares authorized, 570,766,439 and 565,562,607 shares issued, 411,842,629 and 411,312,664 shares outstanding, respectively)	5.7	5.7
Additional paid-in capital	4,133.1	3,809.5
Accumulated other comprehensive loss	(57.6)	(54.3)
Accumulated earnings	1,425.5	1,191.3
Less: Treasury stock, at cost; 158,923,810 and 154,249,943 shares, respectively	(1,968.2)	(1,650.5)
Total ON Semiconductor Corporation stockholders’ equity	3,538.5	3,301.7
Non-controlling interest	19.6	22.4
Total stockholders' equity	3,558.1	3,324.1
Total liabilities and stockholders' equity	$ 8,668.0	$ 8,425.5

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).